Permian Resources Announces Strong First Quarter 2026 Results and Increased Full Year Guidance

MIDLAND, Texas – Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced its first quarter 2026 financial and operational results and revised 2026 guidance. Recent Financial and Operational Highlights Reported total average production of 412.9 MBoe/d, including 192.3 MBbls/d of oil, 103.3 MBbls/d of NGLs and 703.0 MMcf/d of natural gas Announced cash capital expenditures of $466 million, cash provided by operating activities of $815 million and adjusted free cash flow 1 of $513 million Reduced D&C costs to ~$685 per lateral foot, representing a 6% reduction compared to 2025 results Demonstrated continued bolt-on and ground game success, executing on ~40 transactions for $205 million Declared quarterly base dividend of $0.16 per share Increased mid-point of full year guidance for oil production by 3.5 MBbls/d to 192.5 MBbls/d Received investment grade credit ratings from S&P and Moody’s and maintained strong balance sheet with leverage 1 of ~0.8x Completed simplification of Permian Resources’ corporate structure to further enhance peer-leading shareholder alignment Continue to prioritize flexibility to respond quickly to range of market conditions Successfully accelerated first quarter crude oil production and anticipate modest acceleration of production and capital in the second quarter Maintain significant flexibility to respond to market conditions in the second half of 2026 and beyond Management Commentary “We delivered a strong first quarter across the board, with record-low D&C costs per foot, 2% oil production growth quarter-over-quarter and more than $500 million of free cash flow,” said Will Hickey, Co-CEO of Permian Resources. “This performance highlights our ability to drive higher production and free cash flow per share, while continuing to lower costs.” “Since inception, Permian Resources has generated consistent free cash flow per share growth throughout cycles,” said James Walter, Co-CEO of Permian Resources.